Deals

BioAgilytix Labs Acquired by Riverside Partners June 4, 2013

Overview

On June 4, 2013, Riverside Partners, a Boston based private equity firm, announced that it has completed an investment in BioAgilytix Labs (BioAgilytix), a leading contract bioanalytical laboratory specializing in large molecule biologic drugs. BioAgilytix provides outsourced laboratory services to customers within the pharmaceutical, biotechnology, and agriculture industries. Riverside Partners is a private equity partner for leading technology and healthcare companies.

Significance

With this acquisition, Riverside Partners will enter the large molecule drug development business, which is a “very exciting area within the pharmaceutical and biotechnology industries,” according to Phillip Borden, General Partner at Riverside Partners. Riverside Partners will utilize its deep healthcare experience to accelerate BioAgilytix’s growth.

Crosstree’s Role

Crosstree Capital Partners served as exclusive financial advisor to BioAgilytix Labs.

Sub-Sector

Pharma Services
Diagnostics and Tools

Type

Merger and Acquisition

Deal Tags

Pharma Lab Services
CDMO
Data Science
Diagnostic Laboratory
Healthcare
PE Platform Transactions
Pharma Supply Chain
Pharma Commerizational